Regulatory News :
Clasquin (Paris:ALCLA) :
Q1 2013 | Q1 2012 | Chg at current exchange rate | Chg at constant exchange rate | |||||||
CONSOLIDATED (unaudited accounts) | ||||||||||
Number of shipments* | 34,363 | 34,120 | 0.7 % | 0.7 % | ||||||
Sales** (?M) | 45.4 | 38.6 | 17.7 % | 19.5 % | ||||||
Gross profit (?M) | 10.8 | 10.4 | 4.7 % | 5.4 % |
*Excluding Gueppe-Clasquin, a subsidiary (70% ownership) specialised
in road haulage, freighting and logistics.
**Note: Sales
is not a relevant indicator for assessing activity in our business,
because it is greatly impacted by changing sea and air freight rates,
fuel surcharges, exchange rates (especially versus the $), etc.
Variations in the number of shipments, the volumes shipped and--in terms
of the Group's finances--gross profit are relevant indicators.
- The trends seen in 2012 continued into the first quarter of 2013, including lacklustre international trade and particularly unfavourable conditions along the Asia-Europe route.
- Sea freight rates for Asia-Europe remained stable in Q1 2013 compared to Q4 2012, but were up more than 30% from Q1 2012.
- In this weak economic environment, the Group's +4.7% growth in gross profit stems from its ability to outperform the market and from the business generated by its new subsidiaries, whose contribution to the growth rate stood at 6.8%.
DETAILS ON ACTIVITY BY BUSINESS LINE
NUMBER OF SHIPMENTS | VOLUMES (w/o Intercargo) | GROSS PROFIT (in ?M) | ||||||||||||||||
At current exchange rate | Q1 2013 | Q1 2012 | Chg Q1 2013/ Q1 2012 | Q1 2013 | Q1 2012 | Chg Q1 2013/ Q1 2012 | Q1 2013 | Q1 2012 | Chg Q1 2013/ Q1 2012 | |||||||||
Sea freight | 18,167 | 16,822 | + 8.0 % | 19,933 TEU* | 20,395 TEU* | - 2.3 % | 4.9 | 4.1 | + 18.7 % | |||||||||
Air freight | 13,332 | 14,311 | - 6.8 % | 8,729 T** | 9,188 T** | - 5.0 % | 3.3 | 3.7 | - 12.0 % | |||||||||
Other | 2,864 | 2,987 | - 4.1 % | 0.7 | 0.7 | + 10.4 % | ||||||||||||
TOTAL OVERSEAS ACTIVITY | 34,363 | 34,120 | + 0.7 % | 8.9 | 8.5 | + 4.6 % | ||||||||||||
Log System | 0.6 | 0.6 | + 8.8 % | |||||||||||||||
Gueppe-Clasquin | 1.7 | 1.6 | + 4.3 % | |||||||||||||||
Consolidation entries | - 0.3 | - 0.3 | NS | |||||||||||||||
TOTAL CONSOLIDATED | 10.8 | 10.4 | + 4.7 % |
*TEU's = Twenty Equivalent Units
**T = Tons
- Overseas activity was driven by strong growth in the sea
freight business, which saw an 18.7% increase in gross profit (14.6%
related to the acquisition of Intercargo).
The air freight business experienced a drop in volume as well as a 12% decline in gross profit due to pressure on margins. - The Gueppe Clasquin subsidiary saw a 4.3% increase in its gross profit thanks to the acquisition of new clients, thus demonstrating, once again, its ability to thrive in a weak market.
- Log System (Group subsidiary specialised in software development): Gross profit rose 8.8% thanks to the acquisition of new customers.
OUTLOOK FOR 2013
- The market: World trade is expected to grow about 3% in 2013, with H1 probably still difficult and a slight recovery in H2.
- Clasquin: Given the growth anticipated from our new subsidiaries and developments linked to taking on new talents, the Group expects 2013 to be a year of significant business growth.
2013 UPCOMING EVENTS(publications issued after market closure))
- Thursday 6 June 2013 : Combined General Meeting
- Thursday 29 August 2013 : Business report as of 30 June 2013
- Wednesday 18 September 2013 : 2013 Half year results
- Wednesday 06 November 2013 : Business report as of 30 September 2013
Clasquin is an air and sea freight forwarding and overseas logistics
specialist.
The Group designs and manages the entire
overseas transport and logistics chain, organising and coordinating the
flow of client shipments between France and the rest of the world, and
more specifically to and from Asia-Pacific
and the United States.
Its shares are listed on Alternext
Paris, ISIN FR0004152882, Reuters ALCLA.PA, Bloomberg ALCLA
FP.
For more information, see www.clasquin.com
or www.clasquinfinance.com
CLASQUIN
Yves Revol ? Chairman
and CEO
or
Philippe Lons ? Deputy Managing Director and CFO
or
Stéphanie
CHALANDON ? Financial Reporting and Logistics Manager
Tel.: 04 72
83 17 00 ? Fax: 04 72 83 17 33
Email: finance@clasquin.com